Kazakhstan housing prices stall as market stabilizes

Kazakhstan's real estate market experienced a period of stabilization in June 2026, with average prices for apartments in new developments nationwide rising by a modest 0.7 percent. This overall flatness contrasts with more significant price jumps seen in specific regional centers like Kokshetau (2.2 percent) and Turkestan (1.8 percent).

Major metropolises, typically drivers of real estate activity, showed minimal change. Astana recorded a 0.6 percent increase in price per square meter, while Almaty saw a 1.1 percent rise. Shymkent reported no change, and cities like Konaev (down 3.7 percent) and Ust-Kamenogorsk (down 1.8 percent) experienced decreases in primary housing prices. Many other cities, including Aktobe, Karaganda, and Taraz, saw prices remain unchanged.

The secondary market mirrored this trend, with nationwide resale prices increasing by 0.6 percent. Karaganda saw a notable 2.2 percent rise in resale values, while Kokshetau experienced a 2.3 percent increase. However, Uralsk, Konaev, and Aktobe saw price rollbacks in the secondary market.

Rental rates also remained largely static, with a nationwide increase of only 0.4 percent. Semey recorded the highest rental increase at 2.7 percent, followed by Konaev at 2.4 percent. Conversely, rental costs became more affordable in Kyzylorda and Kokshetau. The report also detailed the most and least expensive cities for new, secondary, and rental properties, highlighting significant price disparities across the country.